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V125BC [204]
3 years ago
15

Find the savings plan balance after 18 months with an APR of 6% and monthly payments of $800. Assume an ordinary annuity.

Mathematics
2 answers:
jok3333 [9.3K]3 years ago
7 0

The formula for this calculation is Future Value = Payment • [((1 + I)n - 1)/I], where I = interest rate, and n = periods.

 

In this case, P = $800/month, n = 18 months, and I = 6% (0.06) per year.

 

Since the information involves months instead of years, it is necessary to divide the interest rate by 12 to obtain the monthly rate. So, 0.06 ÷ 12 = 0.005

 

We can then enter the information into our formula to obtain:

FV = $800 • [((1.005)18 - 1)/.005]

FV = $800 • [(1.0939 - 1)/.005]

FV =$800 • (0.0939/0.005)

FV = $800 • 18.785

FV ≅ $15,028

BabaBlast [244]3 years ago
7 0

$800  [((1.005)18 - 1)/.005]

$800 x [(1.0939 - 1)/.005]

$800 x (0.0939/0.005)

$800 x 18.785

~ $15,028

The savings plan is 15,028.

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If a triangle has a height of 12 inches and a base of 5 inches, what's its area? A. 90 sq. in. B. 45 sq. in. C. 60 sq. in. D. 30
Vilka [71]

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D

Step-by-step explanation:

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y = -16x2 + 32x - 10 This parabola has x-intercepts, representing the times when the dolphin's height above water is feet.
Lina20 [59]
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0 feet.

The x-intercept is the point where the graph crosses the x-axis, which is when the value is y=0. 
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-b +-√(b^2-4ac)  /2a=
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6 0
3 years ago
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Addy has 51.79 pounds of dirt. She has buckets in her garage. Each bucket can hold 2.5 pounds of dirt. If she has 20 buckets wil
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No

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Which point below is not on the graph of p(x) = +36- X?
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Answer:

We have the following equation: y = 36 - x. And we need to find which of the following points belong to the graph:

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If any of the points belong to the equation, then the equality will be met.

Then:

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7 = 36 - (-13)

7 = 36 + 13

7 = 49 ❌

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1 = 36 - (-35)

1 = 71❌

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  • (27,3)

3 = 36 - 27

3 = 9 ❌

None of the points belong to the graph. Therefore, all points are NOT on the grah of p(x) = 36 - x.

3 0
2 years ago
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